The following tax rates, thresholds and allowances are valid for the 2013 - 2014 Tax Year in Australia which is known as the 2014 Tax Year. The Tax Year runs from 1 March 2013 - 28 February 2014

Rates for Individuals [Residents]

Australia 2014 Tax Tables for Individuals

Taxable Income (R)

Percentage rate of tax due within the threshold

$0.00 - $18,200.00

0% of income within the threshold

$18,200.00 - $37,000.00

19% of income within the threshold + $0.00

$37,000.00 - $87,000.00

33% of income within the threshold + $3,572.00

$87,000.00 - $180,000.00

37% of income within the threshold + $19,822.00

$180,000.00 - $0.00

45% of income within the threshold + $54,232.00

Australia 2014 Tax Tables allowances for Children

$1,786.00

Allowance for First Child

$1,410.00

Allowance for second and additional children

Medicare

Australia 2014 Medicare Contributions tables

$2.00

Medicare contribution rate

Low Income Support

Australia 2014 Tax Tables for Low Income Tax Credit Rates

$37,000.00

Low income threshold

$445.00

Low income amount

$1.50

Low income reducing percentag

$66,667.00

Low income cutoff

HECS-HELP

Australia 2014 HELPS-HELP Tax Tables

Taxable Income (R)

Percentage rate of tax due within the threshold

$0.00 - $53,345.00

4% of income within the threshold

$53,345.00 - $59,422.00

4.5% of income within the threshold + $0.00

$59,422.00 - $65,498.00

5% of income within the threshold + $3,572.00

$65,498.00 - $68,940.00

5.5% of income within the threshold + $19,822.00

$68,940.00 - $74,106.00

6% of income within the threshold + $54,232.00

$74,106.00 - $80,258.00

6.5% of income within the threshold + $0.00

$80,258.00 - $84,482.00

7% of income within the threshold + $0.00

$84,482.00 - $92,971.00

7.5% of income within the threshold + $0.00

$92,971.00 - $99,070.00

8% of income within the threshold + $0.00

Superannuation

Australia 2014 Superannuation Rates and Thresholds

$5,400.00

Superannuation minimum threshold

9.5%

Superannuation Rate

Income Tax Tables are used to calculated individual salaries, apply tax deductions and tax credits to produce a net take home pay (your income after deductions). Below is an example salary after tax deductions based on the 2013 - 2014 tax tables.